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Aegon applies for US capital support plan

Dutch insurer Aegon NV has applied for a US government capital support plan for over $1 billion and may buy a small US thrift company to be eligible for the plan, Aegon said on Tuesday.


“This is part of our strategy to ensure Aegon has the strongest capital position possible,” Aegon spokesman Greg Tucker said. Aegon, which got €3 billion in capital support from the Dutch government last month, was not in liquidity problems, and would use US money for its US operations, Tucker said. Aegon, which generates three-quarters of its pretax operating profit in the United States, owns US life insurer Transamerica. (Reuters)